₦airaland Forum

Good day all, please how secure is Springfield Agro limited?

This thread needs updates of current issued commercial papers. Let the O.Gs do the needful and help us out

Ok. Afex fair Trade Limited (AFTL) just defaulted in paying investors the process of their investment.

They were supposed to pay on Friday 7/2/2025 but did not pay the investors instead they promised to pay on 17/2/2025 and that also is still not sure.

Their excuse was that they have a running battle with their bankers (GTB) and that affected the payment. Whatever the issue, I feel they should have tried to resolve it before hand as this may affect investors trust in them.

This is serious o. This is my fear for all these unknown companies

freeman67:
Ok. Afex fair Trade Limited (AFTL) just defaulted in paying investors the process of their investment.

They were supposed to pay on Friday 7/2/2025 but did not pay the investors instead they promised to pay on 17/2/2025 and that also is still not sure.

Their excuse was that they have a running battle with their bankers (GTB) and that affected the payment. Whatever the issue, I feel they should have tried to resolve it before hand as this may affect investors trust in them.

freeman67:
Ok. Afex fair Trade Limited (AFTL) just defaulted in paying investors the process of their investment.

They were supposed to pay on Friday 7/2/2025 but did not pay the investors instead they promised to pay on 17/2/2025 and that also is still not sure.

Their excuse was that they have a running battle with their bankers (GTB) and that affected the payment. Whatever the issue, I feel they should have tried to resolve it before hand as this may affect investors trust in them.

I knew the risk of default is high considering the high rates and numerous CP issuance.

Be vigilant

ernie4life:
I knew the risk of default is high considering the high rates and numerous CP issuance.

Be vigilant

Yep, the funniest thing is that. It the only asset backed CP I have done so far.

It's actually just MPR that drove up the rates like TB and co but with what I see rates are about to start slowing down.

freeman67:
Yep, the funniest thing is that. It the only asset backed CP I have done so far.

It's actually just MPR that drove up the rates like TB and co but with what I see rates are about to start slowing down.

It's already slowing down.

freeman67:
Yep, the funniest thing is that. It the only asset backed CP I have done so far.

It's actually just MPR that drove up the rates like TB and co but with what I see rates are about to start slowing down.

How is one able to identify asset backed CPs and what are the benefits?

freeman67:
Ok. Afex fair Trade Limited (AFTL) just defaulted in paying investors the process of their investment.

They were supposed to pay on Friday 7/2/2025 but did not pay the investors instead they promised to pay on 17/2/2025 and that also is still not sure.

Their excuse was that they have a running battle with their bankers (GTB) and that affected the payment. Whatever the issue, I feel they should have tried to resolve it before hand as this may affect investors trust in them.

Thanks. 17th February is around the corner. Let's see what happens

How does one get the info immediately a commercial paper is issued in the primary market for public subscription?

SonofElElyonRet:
How is one able to identify asset backed CPs and what are the benefits?

Most of the ones I have done before this are unsecured. Some of them even paid a day before.


The key difference between asset-backed commercial paper (ABCP) and unsecured commercial paper is that ABCP is backed by specific assets like receivables, meaning the issuer has pledged collateral to secure the debt, while unsecured commercial paper relies solely on the creditworthiness of the issuer without any specific asset backing, making it considered riskier.

Key points about each type:

Asset-backed commercial paper (ABCP):

Secured by designated assets like loans, credit card receivables, or other financial instruments.

Considered less risky due to the underlying collateral.

Often used by financial institutions to fund asset-based lending activities.

May involve a special purpose vehicle (SPV) to hold the assets and issue the commercial paper.

Unsecured commercial paper:

Not backed by any specific assets, relying solely on the issuer's credit rating.

Considered riskier than ABCP due to lack of collateral.

Commonly used by large corporations to finance short-term operational needs like payroll or inventory.


Credit to: AI

freeman67:
Most of the ones I have done before this are unsecured. Some of them even paid a day before.


The key difference between asset-backed commercial paper (ABCP) and unsecured commercial paper is that ABCP is backed by specific assets like receivables, meaning the issuer has pledged collateral to secure the debt, while unsecured commercial paper relies solely on the creditworthiness of the issuer without any specific asset backing, making it considered riskier.

Key points about each type:

Asset-backed commercial paper (ABCP):

Secured by designated assets like loans, credit card receivables, or other financial instruments.

Considered less risky due to the underlying collateral.

Often used by financial institutions to fund asset-based lending activities.

May involve a special purpose vehicle (SPV) to hold the assets and issue the commercial paper.

Unsecured commercial paper:

Not backed by any specific assets, relying solely on the issuer's credit rating.

Considered riskier than ABCP due to lack of collateral.

Commonly used by large corporations to finance short-term operational needs like payroll or inventory.


Credit to: AI

So u mean Dangote cement is not ABCP ??

Please we need experts to educate us on CP and post CP investment

Akerewe:
So u mean Dangote cement is not ABCP ??

Yes it's not

ernie4life:
Yes it's not

The name and brand is enough guarantee

ernie4life:
Yes it's not

Pls send the details of the dangote commercial paper here

SonofElElyonRet:
The name and brand is enough guarantee

I saw this just now

Akerewe:
I saw this just now

Don't think he'll allow any slurr on his integrity which would be the result of default on the commercial paper

SonofElElyonRet:
Don't think he'll allow any slurr on his integrity which would be the result of default on the commercial paper

R u saying dey r trying to Mar Dangote's rating?

Let's b watchful pls.

If u have information about the commercial papers pls post them here

Akerewe:
R u saying dey r trying to Mar Dangote's rating?

Let's b watchful pls.

If u have information about the commercial papers pls post them here

Read my message and the earlier ones to understand what I'm saying. Obviously you don't!

SonofElElyonRet:
The name and brand is enough guarantee

ernie4life:
Yes it's not

Akerewe:
So u mean Dangote cement is not ABCP ??

SonofElElyonRet:
Read my message and the earlier ones to understand what I'm saying. Obviously you don't!

I saw this

3 cp offers

Make your choice

Because CP issuers don't set the tax rate. That's what government does, and government can change the rate at any time. And the same tax conditions do not apply to different investors.

freeman67:
Why is it so difficult for CP investment notice to carry the exact tax & percentage to pay if taxes applies, instead of always writing "applicable taxes shall apply".

ernie4life:
3 cp offers

Make your choice

The picture isn't clear. What's the second one? Robust? Also how do you get these offers to your email? I can see Dangote and Access bank offers on getequity.

Pls how much am I expecting if I put 5m in Dangotés CP?

farydah:
Pls how much am I expecting if I put 5m in Dangotés CP?

Your interest will depend on the tenor you wanna go with, I.e 180 or 270 days.
Obviously 270 days will give you more

ernie4life:
3 cp offers

Make your choice

Can you please share again? Its not clear

ernie4life:
3 cp offers

Make your choice

Apart from getequity, what other legit app can I find these on please?

farydah:
Pls how much am I expecting if I put 5m in Dangotés CP?

The return should be about 560+ for 180 days and 880+ for 270 days

iamrichiefola:
The return should be about 560+ for 180 days and 880+ for 270 days

what about 10% tax and 0.5 service charge

iamrichiefola:
The return should be about 560+ for 180 days and 880+ for 270 days

hmmm thank you. It’s better than money market rate right?

enque:
Your interest will depend on the tenor you wanna go with, I.e 180 or 270 days.
Obviously 270 days will give you more

maam, I’m currently with quantum zenith money market. In the spirit of diversification, would you advise I go for this?